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Should Value Investors Buy OP Bancorp (OPBK) Stock?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
OP Bancorp (OPBK - Free Report) is a stock many investors are watching right now. OPBK is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 6.31 right now. For comparison, its industry sports an average P/E of 12.66. Over the last 12 months, OPBK's Forward P/E has been as high as 12.35 and as low as 5.88, with a median of 8.25.
Another notable valuation metric for OPBK is its P/B ratio of 0.87. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. OPBK's current P/B looks attractive when compared to its industry's average P/B of 1.82. Over the past year, OPBK's P/B has been as high as 1.34 and as low as 0.69, with a median of 0.94.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. OPBK has a P/S ratio of 1.14. This compares to its industry's average P/S of 2.01.
Finally, investors should note that OPBK has a P/CF ratio of 6.82. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 13.85. Over the past 52 weeks, OPBK's P/CF has been as high as 10.31 and as low as 5.06, with a median of 7.17.
These are only a few of the key metrics included in OP Bancorp's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, OPBK looks like an impressive value stock at the moment.
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Should Value Investors Buy OP Bancorp (OPBK) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
OP Bancorp (OPBK - Free Report) is a stock many investors are watching right now. OPBK is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 6.31 right now. For comparison, its industry sports an average P/E of 12.66. Over the last 12 months, OPBK's Forward P/E has been as high as 12.35 and as low as 5.88, with a median of 8.25.
Another notable valuation metric for OPBK is its P/B ratio of 0.87. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. OPBK's current P/B looks attractive when compared to its industry's average P/B of 1.82. Over the past year, OPBK's P/B has been as high as 1.34 and as low as 0.69, with a median of 0.94.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. OPBK has a P/S ratio of 1.14. This compares to its industry's average P/S of 2.01.
Finally, investors should note that OPBK has a P/CF ratio of 6.82. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 13.85. Over the past 52 weeks, OPBK's P/CF has been as high as 10.31 and as low as 5.06, with a median of 7.17.
These are only a few of the key metrics included in OP Bancorp's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, OPBK looks like an impressive value stock at the moment.